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Out-of-Town Buyers have "Negative Effect" on Locals

The net effect of having non-local buyers investing in a real estate market such as Vancouver, Toronto or New York is overall a “negative” one, according to two professors from UBC and New York who are jointly studying the out-of-town investment on cities.

http://www.rew.ca/news/out-of-town-buyers-have-negative-effect-on-locals-1.23068301?utm_source=Consumer%3A+Vancouver+Market+News&utm_campaign=2dbba4b1dc-REW_Consumer_News_Friday_October_10_20_2017&utm_medium=email&utm_term=0_8e94885b84-2dbba4b1dc-93614499

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